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Predictive Analytics Market Size, Share and Forecast to 2026

Predictive analytics include decision analysis & optimization, predictive modeling, transaction profiling, and predictive search.

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Predictive Analytics Market Size, Share and Forecast to 2026

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  1. Predictive Analytics Market To Reach USD 28.19 Billion By 2026 www.reportsanddata.com sales@reportsanddata.com

  2. Market Summary The global predictive analytics market is forecast to reach USD 28.19 Billion by 2026, according to a new report by Reports and Data. Predictive analysis can be an essential business tool for planning, technology management, and decision making, by extracting information from existing data sets. Predictive models are used to analyze existing data and find hidden trends to understand customers and future opportunities & risks better. These business intelligence models gain insights by integrating data mining, artificial intelligence, statistical modeling, machine learning, and other data technologies.

  3. Our Approach Market Summary Business functions such as finance, marketing, retail, insurance, tourism, healthcare & pharmaceutical, and utility firms rely on these models to forecast and improve customer experience. For example, Netflix learns about the movies their viewers are likely to enjoy, and Amazon predicts what a customer would buy. Predictive analytics include decision analysis & optimization, predictive modeling, transaction profiling, and predictive search. These can be applied to various business strategies and has been a crucial element in search advertising and recommendation engines. Key participants include Alteryx, Inc., Angoss Software Corporation, Domino Data Lab, Fair Isaac Corporation (FICO), International Business Machines (IBM) Corporation, Information Builders, KNIME.com AG, Microsoft Corporation, NTT DATA Corporation, Oracle Corporation, Predixion Software, RapidMiner, QlikTech International, SAP SE, SAS Institute, Inc., Tableau Software, Inc., TIBCO Software, Inc., and Teradata Corporation, among others. Get a Free Sample PDF Report to understand our report before you purchase:https://www.reportsanddata.com/sample-enquiry-form/2320

  4. Our Approach Market Summary Further key findings from the report suggest Among the end uses, financial management accounted for the largest market share of ~18% in the year 2018. Analysis of the expenditures of the firm helps them to gain insights into their purchasing activities to reduce costs and improve supplier compliance. The upcoming trend of big data analytics and customer analytics will further contribute to the growth of the segment and will provide organizations with enhanced efficiency and profitability. The customer behavior analysis is forecasted to witness the highest growth rate of 23.5% during the forecast period. The technology can be used for integrating data with the use of algorithms and artificial intelligence for forecasting future consumer trends. It is used to find the buying behavior and analyze the needs and preferences of the consumers. Moreover, it is the analysis of the way the customers interact with the business. Among the components, the solutions accounted for a larger market share of ~54% in the year 2018. The segment is further segmented into operations, human resources, financial, IT, marketing, and sales, among others…Continued

  5. Our Approach Market Summary End-Use Outlook (Revenue, USD Billion; 2016-2026) Sales and Marketing Management Financial Management Customer Behavior Analysis Supply Chain Management Network Traffic Management Demand And Supply Forecasting Risk Management and Fraud Detection Others Component Outlook (Revenue, USD Billion; 2016-2026) Solution Services

  6. Our Approach Market Summary Deployment Mode Outlook (Revenue, USD Billion; 2016-2026) Cloud On-Premises Industry Vertical Outlook (Revenue, USD Billion; 2016-2026) Government and Defense Healthcare and Life Sciences Manufacturing Retail and E-commerce IT and Telecommunication Energy and Utilities Banking, Financial services, and Insurance (BFSI) Click here to Get customization & check available discount for the report @ https://www.reportsanddata.com/discount-enquiry-form/2320

  7. Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com Our Approach About Us

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